NOT LISTED FOR SALE

Redmond, OR 97756

Estimated Value: $510,966 - $598,000

4 Beds
4 Baths
3,970 Sq Ft
$142/Sq Ft Est. Value

Last Sold January 17, 2013

Last sale price $290,000 $73 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $3,324/month

12 Days on Market

Highlights

  • 0.34 Acre Lot
  • Northwest Architecture
  • 1-Story Property
  • John Tuck Elementary School Rated 9+

About This Home

As of January 2013

Built in 2000, this offering includes two duplexes situated in north west Redmond. Each unit includes 2BD, 2BA, kitchen, living room, utility room and a single car garage. Each of the four units are 993 +/- SF and the buildings are a total of 3,970 +/-.

Last Agent to Sell the Property

Brian Fratzke

Fratzke Commercial R.E. Advisors License #200402169 Listed on: 12/17/2012

Co-Listed By

Jeff Reed

NAI Cascade License #200701299

Last Buyer's Agent

Non Member

No Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,065

Year Built

  • Built in 2000

Lot Details

  • 0.34

Home Design

  • Quadruplex
  • Northwest Architecture
  • Frame Construction
  • Composition Roof

Additional Features

  • 1-Story Property
  • 0.34 Acre Lot

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 202125

Community Details

Overview

  • 4 Units
  • Cedar Village Subdivision

Building Details

  • Gross Income $30,830
  • Net Operating Income $19,169

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,065

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Architectural Style: Northwest
  • Unit Levels: One
  • Lot Size Acres: 0.34
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Road Surface Type: Paved
  • Subdivision Name: Cedar Village
  • Year Built: 2000
  • Total Gross Income: 30830.0
  • Co List Office Mls Id: ocFRATPM
  • Co List Office Phone: 541-306-4948
  • Co List Office Phone: 541-306-4948
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: R4
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 11
  • Location Tax and Legal:Tax Block: 0
  • Levels:One: Yes
  • Roof:Composition: Yes
  • Architectural Style Northwest: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Frame
  • Roof: Composition
  • Construction Materials:Frame: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Parcel #: 202125
  • ResoLotSizeUnits: Acres
  • Zoning Description: R4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 19169.0
  • Annual Operating Expense: 11661.0

Tax Info

  • Tax Annual Amount: 4065.0
  • Tax Block: 0
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2012
Closed on
Jan 15, 2013
Sold by
Cocc Foundation Property Llc
Bought by
Arete Equities Llc
Seller's Agent
Brian Fratzke
Fratzke Commercial R.E. Advisors
Buyer's Agent
Non Member
No Office
List Price
$330,000
Sold Price
$290,000
Premium/Discount to List
-$40,000
-12.12%
Current Estimated Value
$564,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,992
Avg. Annual Appreciation
5.32%

Purchase Details

Closed on
Jan 12, 2012
Sold by
2023 Nw Elm Llc
Bought by
Central Oregon Community College Foundat

Purchase Details

Closed on
Jan 11, 2012
Sold by
Central Oregon Community College Foundat
Bought by
Cocc Foundation Property Llc

Purchase Details

Closed on
Jun 3, 2009
Sold by
Mason Carol Rava
Bought by
2023 Nw Elm Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arete Equities Llc $140,000 Amerititle
Central Oregon Community College Foundat -- Amerititle
Cocc Foundation Property Llc -- Accommodation
2023 Nw Elm Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2013 01/17/13 Sold $290,000 -12.1% $73 / Sq Ft
12/29/2012 12/29/12 Pending -- -- --
12/17/2012 12/17/12 For Sale $330,000 -- $83 / Sq Ft
Source: Oregon Datashare

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,327 $212,220 -- --
2024 $4,151 $206,040 -- --
2023 $3,970 $200,040 $0 $0
2022 $3,609 $188,570 $0 $0
2021 $3,490 $183,080 $0 $0
2020 $3,332 $183,080 $0 $0
2019 $3,187 $177,750 $0 $0
2018 $3,107 $172,580 $0 $0
2017 $3,034 $167,560 $0 $0
2016 $2,992 $162,680 $0 $0
2015 $2,900 $157,950 $0 $0
2014 $2,755 $153,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Fratzke

    Seller's Agent in 2013

    Brian Fratzke

    Fratzke Commercial R.E. Advisors

    (541) 480-2526

    14 in this area

    37 Total Sales

    Brian Fratzke
    Section Image
  • Jeff Reed

    Seller Co-Listing Agent in 2013

    Jeff Reed

    NAI Cascade

    (541) 280-7068

    2 in this area

    10 Total Sales

    Jeff Reed
    Section Image

  • N

    Buyer's Agent in 2013

    Non Member

    No Office

See All Agents

Source: Oregon Datashare

MLS Number: 201209407

Oregon Datashare

APN: 202125

Oregon Deschutes County Redmond

97756

Not Listed for Sale

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